Welspun Renewable Energy

Tata Power Renewable Energy Ltd (TPREL), an arm of Tata Power, has completed 100 per cent share purchase in Welspun Renewable Energy Pvt Ltd (WREPL) and its subsidiaries.

S&P Global Ratings on Tuesday said its corporate credit rating on Tata Power Ltd is not immediately affected by the company's acquisition of renewable assets company Welspun Renewables Energy Pvt Ltd.

Renewable energy business is a high-growth area in India, though falling asset prices and competitive bidding for new power purchase agreements may lead to volatility in returns on investments, S&P Global Ratings said on Tuesday.

Tata Power's acquisition of Welspun Renewable Energy can negatively impact the former's credit metrics, which are already tight at the current rating level, Moody's Investors Service said on Monday.

Welspun Renewable Energy has around 1,140 mega watt of renewable projects comprising about 990 MW solar power projects and about 150 MW of wind power projects.

Tata Power on Monday said it will buy Welspun Energy's subsidiary, Welspun Renewable Energy Pvt Ltd (WREPL), at an enterprise value of Rs 9,249 crore.

Welspun Renewables on Monday said it has commissioned a 34 MW solar power project in Punjab.

Welspun Energy is in talks with renewable energy funds to sell a small stake in the company.

Tata Power Renewable Energy Ltd (TPREL), an arm of Tata Power, has completed 100 per cent share purchase in Welspun Renewable Energy Pvt Ltd (WREPL) and its subsidiaries.

S&P Global Ratings on Tuesday said its corporate credit rating on Tata Power Ltd is not immediately affected by the company's acquisition of renewable assets company Welspun Renewables Energy Pvt Ltd.

Renewable energy business is a high-growth area in India, though falling asset prices and competitive bidding for new power purchase agreements may lead to volatility in returns on investments, S&P Global Ratings said on Tuesday.

Tata Power's acquisition of Welspun Renewable Energy can negatively impact the former's credit metrics, which are already tight at the current rating level, Moody's Investors Service said on Monday.

Welspun Renewable Energy has around 1,140 mega watt of renewable projects comprising about 990 MW solar power projects and about 150 MW of wind power projects.

Tata Power on Monday said it will buy Welspun Energy's subsidiary, Welspun Renewable Energy Pvt Ltd (WREPL), at an enterprise value of Rs 9,249 crore.

Welspun Renewables on Monday said it has commissioned a 34 MW solar power project in Punjab.

Welspun Energy is in talks with renewable energy funds to sell a small stake in the company.